Intercompany Giftcard setup

(4) Share

Report

Posted on by Vaidotas K

Hello,

We would like to configure Intercompany posting for Gift card usage. The goal is that GC liability would be posted in from all countries (example 3010, 3001) to 3000. Redemption looks to be working as expected, but not the activation of GC.

Setup in 3010:

Same setup 3010 and 3000

Giftcard payment method in the store setup:

The current outcome for activation is:

Posting Intercompany journal in 3010:

Posting Intercompany journal in 3000:

Expectation would be (read part is not correct now):

For redemption last part is posted as expected:

3010	IC JNL	217000	GC		230
		251000	IC Payable	230

3000	IC JNL	217000	Gift card liability	230
		160000	IC AR		230

Where the setup could be done incorrectly? Or our assumption for activations is incorrect?

Categories:

Dynamics 365 Finance

I have the same question (0)

All responses (4)

Answers (1)

Sort by

Vaidotas K 22 on at

Like (0)

Report
Copy link

Link copied!

Additionally if I would switch Intercompany accounting settings around:

3010:

From D251000 C217000 To D217000 C251000

3000:

From D217000 C160000 to D160000 C217000

Activation would be posted correctly as expected, but redemption would experience same posting as activation previously.

Was this reply helpful? Yes No
Verified answer

PD-06020722-0 61 on at

Like (1)

Report
Copy link

Link copied!

Hi Vaidotas,

In which legal entity you post the revenue, I guess in 3010? Im not familiar to this process, but a solution could be as it seems that the redemption posting should create a reversal of the intercompany transfer of the gift card liablity to 3000 that you select in the IC posting profile for both debit and credit in 3010 251000 and in 3000 160000. It should create the posting: in 3010 Debit IC payable 251000, Credit 217000, 3000 Debit 217000 Credit 160000. Hope it helps!

Was this reply helpful? Yes No
Vaidotas K 22 on at

Like (0)

Report
Copy link

Link copied!

Hey PD-06020722-0,

Yes, revenu is posted in 3010. The problem that either redemption is working or activation, but not both. Swapping account in Intercompany accounting table, would only resolve issue in one scenario, but recreates issue in another one and vice verse.

I am not sure how to achieve expected result, with out of the box configurations.

Was this reply helpful? Yes No
Vaidotas K 22 on at

Like (0)

Report
Copy link

Link copied!

hi PD-06020722-0,

You suggestion was correct! Somehow I missread it the first time. Additionally we needed to reconfigure giftcard tender type under store configurations, for entities which uses different chart of accounts to use GC liability account from 3000 . But for now looks like to work as expected.

Thank you and sorry for late replay.

Cheers,

Vaidotas

Was this reply helpful? Yes No